https://www.taxtmi.com/caselaws?id=286729 The Tribunal allowed the Miscellaneous Application, ruling in favor of the corporate entity. It held that expenses incurred by the company, as an artificial person, do not contain a personal element, and disallowance under section 37 of the Income Tax Act should be made in the hands of individuals benefiting from such expenses. Therefore, the Tribunal concluded that there was no basis for disallowing 10% of hospitality expenses in the hands of the corporate entity. The order was pronounced in open court on 23/08/2017. en-us Wed, 23 Aug 2017 00:00:00 +0530 Fri, 13 Mar 2020 10:14:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286729 The Tribunal allowed the Miscellaneous Application, ruling in favor of the corporate entity. It held that expenses incurred by the company, as an artificial person, do not contain a personal element, and disallowance under section 37 of the Income Tax Act should be made in the hands of individuals benefiting from such expenses. Therefore, the Tribunal concluded that there was no basis for disallowing 10% of hospitality expenses in the hands of the corporate entity. The order was pronounced in open court on 23/08/2017. Case-Laws Income Tax Wed, 23 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286729